According to the global financial services major, food prices are likely to fall on a good summer rabi harvest and this in turn is expected to bring CPI inflation down.
The data compares with a 5.98 percent annual rise forecast by economists in a Reuters poll. In February, prices rose a provisional 6.55 percent, the fastest pace in two-and-a-half years.
The government’s line of thinking seem to be, “If you are with us, it is fine. Otherwise, accept the rules”, says the eminent sociologist.
World’s biggest retailer Walmart is ready to sell Make in India products if government allows foreign supermarkets to serve the consumers directly.
These cold chain stores will be a part of the national cold chain grid being created to transfer perishable goods like fruits and vegetables, fish, meat and ready-to-eat-meals, from farm areas to consumers without spoilage.
According to officials, Prime Minister Narendra Modi's administration has begun to look closely at policy proposals under discussion since at least 2015, raising concerns over the possible impact on the $57 billion sector.
An indication to this effect was given by Union Food Processing Minister Harsimrat Kaur Badal after her meeting with ministers from different states to chalk out plans for the 3-day event starting November 3.
Godrej Nature's Basket, which is aiming for sustainable profitable growth through omnichannel expansion over the next three to five years, has also put in place a new management team.
Food processing minister Harsimrat Kaur Badal tells Moneycontrol that the government will shortly take a decision on allowing limited sale of home and personal care products (HPC) in global food retail outlets
The imperatives that drive Africa-India engagement are based on "shared challenges, common interests, and perceptions of mutual benefit" and come from "our complementary strengths and capacities that make us natural economic and commercial partners," Ansari said.
A deal would create a giant in global food, joining the maker of Kraft cheese and Heinz ketchup to its European counterpart, whose products include Q-tips, Hellmann's mayonnaise and Ben & Jerry's ice cream.
The report by Retailers Association of India and Boston Consulting Group revealed that on decoding the digital opportunity sectors that could see maximum e-commerce penetration would be consumer electronics, apparel, homeware and furniture, luxury, health, FMCG and food and grocery.
Consumer Price Index (CPI) for the month of January will be released today after market hours. A CNBC-TV18 poll estimates CPI at 3.21 percent versus 3.41 percent month-on-month. Core inflation is expected to be sticky at around 5 percent versus 4.9 percent.
The investment will be used towards unit expansion, enhancing logistics, ramping up technology and marketing, the company said in a release here.
The regulator said that all products manufactured, stored, distributed, sold and imported are required to conform to the standards prescribed by FSSAI.
The NCC experience offers a glimpse of India, its strength and its diversity, he said addressing the NCC rally here.
Wholesale inflation for December came in at 3.39 percent, marginally higher than 3.15 percent in November. Numbers for October have been revised to 3.79 percent from 3.39 percent.
Demonetisation impact seen in food inflation with vegetable, fruit and poultry prices decelerating in the main trade markets and mandis following the cash crunch
The ISM manufacturing index rose 1.5 points from November to 54.7 per cent, with 11 of the 18 industries surveyed reporting growth, led by petroleum and coal products, primary metals, miscellaneous manufacturing, and food, beverage and tobacco products.
To promote authentic Indian street food, the National Association of Street Vendors of India (NASVI) in partnership with FSSAI is organising a three-day National Street Food Festival to be held at the Jawahar Lal Nehru Stadium in the national capital starting December 23.
CNBC-TV18‘s Priya Sheth, quoting sources, says the food regulator will be making procedures more structured to avoid ad hoc inspections. It also plans to add 200 inspectors at the central level.
While on annualized basis, wholesale inflation rose from (-) 2.05 percent in November last year, food inflation recorded a sharp year-on-year fallâ€”1.25 percent in November 2016 from 5.55 percent in the same month of 2015.
Using newspapers to pack or serve food â€” a common practice among street vendors â€” is a safety hazard, according to the country's food regulatory body which has warned that consumers are slowly being poisoned by cancer-causing agents and microbes.
The Food Safety and Standards Authority of India (FSSAI) has set up an expert panel to review the existing standards to simplify and streamline the quality norms, he said at a CII's Food Safety and Quality summit.